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Crude Oil News

Crude Oil News

UK Gas Production Is Declining Faster Than Expected, Lobby Warns

October 13, 2024 Stu Turley

Output is down about 13% this year, industry group OEUK says Producers are looking for relief as government raises taxes Britain’s natural gas output is declining faster than expected and leading to greater reliance on […]

Crude Oil News

Israel-Iran: A strike on oil assets could revive inflation

October 12, 2024 Stu Turley

When Iran launched a barrage of some 180 ballistic missiles at Israel a week ago — causing little damage or casualties — Israeli Prime Minister Benjamin Netanyahu warned that Tehran had made a “big mistake” and would “pay for it.” Iran’s first large strike on Israel […]

Iran's Oil Exports
Crude Oil News

Iran’s Oil Exports: On a Slow Boat to Nowhere

October 11, 2024 Mariel Alumit

Iran’s crude oil exports have dramatically slowed in October as the country braces for possible retaliation following its October 1 missile attack on Israel. With Israeli strikes on Iranian oil facilities a topic of discussion, […]

Oil Drilling
Crude Oil News

U.S. Oil Drilling Activity Inches Up

October 11, 2024 Mariel Alumit

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 1 […]

Iran
Crude Oil News

Iran Could Build a Nuclear Weapon Sooner Than You Think

October 11, 2024 Mariel Alumit

The history of other countries’ weapons programs shows that Tehran could complete and deploy a missile-deliverable warhead in a matter of months. Earlier this summer, U.S. Secretary of State Antony Blinken revealed that Iran could […]

Shelf Drilling
Crude Oil News

Shelf Drilling scores jackup double in Nigeria

October 11, 2024 Mariel Alumit

Dubai-based Shelf Drilling has landed new contracts for two jackup rigs in Nigeria. The Oslo-listed jackup rig pure-play has firmed up the letter of award from September into a three-year contract for the Shelf Drilling […]

Alternative Investments

What are the normal returns for investing in Oil and Gas in the United States

October 10, 2024 Stu Turley

Investing in oil and gas within the United States, like any sector, can come with a range of returns depending on various factors including market conditions, geopolitical events, technological advancements, and the specific investments chosen […]

Crude Oil News

What are the odds that Israel will attack Iran?

October 10, 2024 Stu Turley

Assessing the odds of Israel attacking Iran involves looking at various forms of information, including expert analyses, market predictions, and statements from relevant parties, as of October 10, 2024. Here’s a synthesis based on the […]

Red Sea
Crude Oil News

Tanker damaged in Red Sea attack

October 10, 2024 Mariel Alumit

A ship was struck and damaged by an “unknown projectile” in the Red Sea, the United Kingdom Maritime Trade Operations (UKMTO) centre said this morning. “The master of the vessel reports being hit by unknown […]

OPEC+
Crude Oil News

Top Kazakh oil field hits record output amid tensions with OPEC+, sources say

October 9, 2024 Mariel Alumit

MOSCOW, Oct 9 (Reuters) – Kazakhstan’s biggest oil field Tengiz, operated by U.S. major Chevron (CVX.N),, boosted output to a record high in October, sources told Reuters, potentially complicating the country’s future efforts to comply with […]

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